A provider of plastic
consumer packaging and engineered materials, Berry Plastics Group, Inc. plans to invest $31 million to upgrade and relocate manufacturing equipment to four of its production and operations centers throughout Indiana
In a project slated to begin early this year, Berry Plastics will invest in new infrastructure and equipment. The upgrade will result in the addition of more than 330 production jobs during the next two years at the company’s downtown Evansville, Evansville airport, Princeton, and Richmond facilities.
"The relocation of production equipment to Vanderburgh, Gibson, and Wayne counties from other Berry facilities supports our restructuring efforts to optimize our manufacturing operations, maximize production efficiencies, and best service our customers,” said Jon Rich, Chairman and CEO of Berry Plastics. “We are extremely appreciative of Indiana’s city, county, and state officials and other partners such as GAGE and Vectren for their joint support of this initiative.”
To encourage the investment and job creation in Indiana, the Indiana Economic Development Corporation
offered the Company a grant up to $300,000 to facilitate job skills training and $2.35 million in Economic Development for Growing Economy tax credits which may be certified over the next 10 years.
In addition, the City of Evansville offered the Company a 10-year Tax Phase-In on real property investment, with an estimated value of $1.7 million, and a Modified Schedule of Tax Abatement on personal property investment, with an estimated value of $2.8 million. The City also offered a Hiring/Training Grant with a maximum of $100,000.
“There’s a reason why manufacturing companies looking for a competitive advantage continue to choose Indiana,” said Gov. Mike Pence
. “As a state that works, Indiana offers a strong legacy in building products that are used around the world. We provide the knowledgeable workforce and low-cost business environment companies like Berry Plastics are seeking when they decide where to locate their next investment, proving why Indiana is a manufacturing leader.”
“Berry Plastics continues to demonstrate its commitment to our city with another major expansion that will create 280 new production jobs at its Evansville facility. The partnership between the city and Berry Plastics has produced new investments exceeding $64 million and a total of 395 production jobs over the past two years,” said Evansville Mayor Lloyd Winnecke.
“Economic development incentives
and a business-friendly environment are just as important to helping our existing companies as they are to attracting new companies. They allowed Berry to choose Evansville for more investment and for 280 of these jobs, with a forecasted economic impact of over $1.8 billion per year,” added Deborah Dewey, President of the Growth Alliance for Greater Evansville